The Successful Investor, in the February, 2020, issue, says hold Torstar Corp., recently 43 cents. The Investor said buy 30 times from May, 1997, to November, 2015, at prices ranging from $4.12 to $37 (the stock split 2 for 1 in July, 1998). Assuming a $1,000 investment for each of the 30 buys, the $30,000 position is now worth just $1,143. Torstar publishes the Toronto Star and other weekly and daily papers in Ontario. It also owns a 56-per-cent interest in VerticalScope, a private company that operates over 600 on-line forums and websites. To cope with falling advertising revenue at its flagship Toronto Star paper, Torstar has been selling off its less important assets. Most recently it sold City Parent, a monthly parenting and lifestyle magazine, to Media Classified Corp. for an undisclosed amount. The Investor reckons that Torstar will use the money to expand its on-line publishing operations. Torstar remains a hold, but only for highly aggressive investors.
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